TOKYO SEIMITSU CO.,LTD. Stock Forecast
Red day on Friday for TOKYO SEIMITSU CO.,LTD. stock after losing 0.0407%
(Updated on Jun 28, 2024)
The TOKYO SEIMITSU CO.,LTD. stock price fell by -0.0407% on the last day (Friday, 28th Jun 2024) from JP¥12,300.00 to JP¥12,295.00. During the last trading day the stock fluctuated 2.05% from a day low at JP¥12,215.00 to a day high of JP¥12,465.00. The price has fallen in 6 of the last 10 days but is still up by 2.59% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -104 thousand shares and in total, 280 thousand shares were bought and sold for approximately JP¥3.45 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.34% during the next 3 months and, with a 90% probability hold a price between JP¥11,580.31 and JP¥13,791.96 at the end of this 3-month period.
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7729.T Signals & Forecast
The TOKYO SEIMITSU CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥12,568.57. On a fall, the stock will find some support from the long-term average at approximately JP¥11,524.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOKYO SEIMITSU CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥11,400.00 and JP¥10,995.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOKYO SEIMITSU CO.,LTD. finds support just below today's level at JP¥11,400.00. If this is broken, then the next support from accumulated volume will be at JP¥10,995.00 and JP¥10,770.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥250.00 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: JP¥11,596.64 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (7729.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TOKYO SEIMITSU CO.,LTD. to open at JP¥12,325.00, and during the day (based on 14 day Average True Range), to move between JP¥11,847.94 and JP¥12,742.06, which gives a possible trading interval of +/-JP¥447.06 (+/-3.64%) up or down from last closing price. If TOKYO SEIMITSU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥12,390.00 (0.77%) than the support at JP¥11,400.00 (7.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TOKYO SEIMITSU CO.,LTD. stock A Buy?
TOKYO SEIMITSU CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.873 Hold/Accumulate Unchanged
Predicted Opening Price for TOKYO SEIMITSU CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥12,325.00 ( 0.244%) | JP¥12,295.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7729.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,575.00 | 2.28% |
| R2 | 12,479.50 | 1.50% |
| R1 | 12,420.50 | 1.02% |
| Price | 12,295.00 | |
| S1 | 12,229.50 | -0.533% |
| S2 | 12,170.50 | -1.01% |
| S3 | 12,075.00 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,820.00 | 4.27% |
| R2 | 12,525.00 | 1.87% |
| R1 | 12,390.00 | 0.773% |
| Price | 12,295.00 | |
| S1 | 11,400.00 | -7.28% |
| S2 | 10,995.00 | -10.57% |
| S3 | 10,770.00 | -12.40% |
7729 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥89.00 | 0.796% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | JP¥89.00 | 1.11% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥126.00 | 2.48% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥109.00 | 2.45% |
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